Robert W. Klein

  • Public interest in various aspects of insurance regulation has risen and fallen over its history, but one area that has remained obscured is market conduct regulation.

2001 - JIR / NAIC - An Assessment of Insurance Market Conduct Surveillance, Vol. 20, No.1, by Robert W. Klein and James W. Schacht - 44p

  • 1992 - NAIC - Issues Concerning Insurance Guaranty Funds, Presented to the NAIC Guaranty Fund (EX4) Task Force, by Robert Klein - 317p
  • 2001 - JIR / NAIC - An Assessment of Insurance Market Conduct Surveillance, Vol. 20, No.1, by Robert W. Klein and James W. Schacht - 44p
  • 2005 - NAIC - A Regulator’s Introduction to the Insurance Industry 2ed - Robert W. Klein - 266p
  • 2006 0718 - GOV (Senate) - Perspectives on Insurance Regulation, Wayne Allard (R-CO) - [PDF-58p, VIDEO-Senate-error] -
  • Some of my colleagues may take issue with this opinion but there are literally thousands if not millions of examples of where market forces have failed to prevent abuses.1
  • 1The admitted misbehavior of several prominent life insurers and their agents in the 1980s involving the sale of universal life insurance products is just one of many of these examples.  (p44)
  • The regulation of certain life insurance, annuity and health insurance products do warrant special discussion.
  • Through the years, there have been periodic problems with the sale and representation of certain more complex life/annuity products, such as universal life policies, and variable life and variable annuity products, among others.
  • Other products can be complex, such as Long Term Care (LTC) policies and hybrid life-LTC products.
  • I discuss these issues and NAIC/regulatory responses in greater detail in the second edition of the text I wrote for the NAIC—A Regulator’s Introduction to the Insurance Industry (NAIC: 2005).  (p48)

--  Prepared Statement of Robert W. Klein, Ph.D. - Director of The Center For Risk Management and Insurance Research, Georgia State University - July 18, 2006

2006 0718 - GOV (Senate) - Perspectives on Insurance Regulation, Wayne Allard (R-CO) - [PDF-58p, VIDEO-Senate-error] -